Posted May 04, 2018 07:04:06 African Development Banks (ADBs) are small development banks that were created by the African Union to promote development and help alleviate poverty.
In 2018, the African Development Fund (ADF) announced that it had launched a $50m (£35m) pilot project in Angola, which aims to provide an additional $200m for African development banks.
Read more about Africa’s largest private bank.
Read our guide to African Development bank: What is an African development bank?
Africa’s biggest private bank is Africa’s most controversial bank.
The African Development Finance Corporation (ADFC), based in Lagos, Nigeria, has faced criticism over its management of the fund and its lack of transparency, which has prompted calls for its closure. Read More